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20110706
20110706
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MSNBC 6
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
MSNBC
Jul 6, 2011 1:00pm EDT
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
MSNBC
Jul 6, 2011 6:00pm EDT
to raise the debt ceiling. everybody fr everyone agrees. this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage an political decis
MSNBC
Jul 6, 2011 3:00pm EDT
by putting big entitlement programs like medicare on the table there. even before the president's event began a short time ago, house speaker john boehner fired off the following tweet, saying, quote, will you take job-destroying tax hikes off the table, end quote? how to add to the mood hanging over tomorrow's debt summit listen to this exchange between the leaders of both parties today. >> it's ludicrous for the administration to propose raising hundreds of billions in taxes at a time when 14 million americans are looking for work and job creators are struggling. does the president now think the economy is doing so well that unemployment is so low and economic so rapid that we can take billions of dollars away from these very same job creators? >> will we be the kind of country that protects tax breaks and giveaways for the richest corporations while sacrificing seniors and the middle class? that is the america my republican colleagues have proposed. >> luke russert joins from us capitol hill. the president says he hopes everyone will leave the politics and the ideology at the door. do you
MSNBC
Jul 6, 2011 6:00am EDT
a lot to talk about. big news over the budget and deficit reduction. president obama is rejecting calls for a short-term hike. he made a rare appearance in the press room. he's challenging them to seize the moment and cut a deal. >> i don't think the american people here sent us here to avoid tough problems. it's, in fact, what drives them nuts about washington. when both parties simply take the path of least resistance. i don't want to do that here. i believe right now, we have a unique opportunity to do something big. to tackle our deficit in a way that forces our government to live within our means. still allows us to invest in that future. >> all right. sounds good. sounds hopeful, it does. maybe something will get done, like everyone is going to come in. less than an hour after the president's invitation, john boehner missed the discussions saying a deal won't pass in the house, if it includes tax increases. he said, i'm happy to discuss the issues at the white house, but the discussions are fruitless until the president recognizes economic and legislative reality. >> that doesn't
MSNBC
Jul 6, 2011 7:00pm EDT
is talking about closing them down. they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme cou
FOX News
Jul 6, 2011 6:00pm EDT
cuts. in a big deal, lawmakers may find them worthwhile. state republican leader mitch mcconnell says they all want a deal but they fear a big tax increase. >> bret: the director of the capital of economic advisors will join us in a moment. federal appeals court barred any enforcement on the ban on openly gay service members. the ninth circuit court of appeals in san francisco says the "don't ask, don't tell" policy must be lifted immediately. they repealed it in september but the pentagon is working on the transition. we learned today that the shooter in the fort hood massacre will face death penalty in his court-martial. army sigh control psychiatrist nidal hasan faces charges in the shooting spree at the texas army post. authorities are warning airlines that terrorists may try to con seem explosives within their bodies. we have more on the story we told you about tuesday, about a terror suspect being brought to the u.s. to face criminal charges. national correspondent catherine herridge has defails. >> reporter: this court in southern district of new york is where somali national t
Search Results 0 to 6 of about 7 (some duplicates have been removed)